Transfer Pricing Report - Nigeria
Take Control of Transfer Pricing Nigeria for Tax Clarity & Total Tax Compliance.
Nigeria enforces comprehensive Transfer Pricing regulations through the Income Tax (Transfer Pricing) Regulations, 2018, under the oversight of the Federal Inland Revenue Service (FIRS). Our Transfer Pricing experts assist multinational and local companies with compliant documentation, benchmarking, and advisory services aligned with OECD guidelines.
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Compliance with Nigeria’s Transfer Pricing and OECD Standards
Nigeria’s Transfer Pricing (TP) regime, administered by the Federal Inland Revenue Service (FIRS) and governed by the Income Tax (Transfer Pricing) Regulations, 2018, requires that all related-party transactions comply with the OECD arm’s-length principle. Under these regulations, Nigerian taxpayers engaged in controlled transactions must prepare and maintain contemporaneous Transfer Pricing documentation demonstrating that the pricing of goods, services, loans, intangibles, and other intercompany arrangements reflects market conditions and economic substance.
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Transfer Pricing Documentation
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We combine deep understanding of Nigeria’s Transfer Pricing regime with international best practices to help clients achieve compliance and optimize tax efficiency.
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A Simple Process Designed to Ensure Full Transfer Pricing Compliance in Nigeria
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Answers to Your Transfer Pricing Concerns Nigeria
Get clarity on the most common questions our clients ask about international transfer pricing services.
Still Have Questions?
Nigeria’s regime is governed by the Income Tax (Transfer Pricing) Regulations, 2018, administered by the Federal Inland Revenue Service (FIRS), requiring arm’s-length documentation for all related-party transactions.
Taxpayers must prepare Local File and Master File reports, maintain contemporaneous documentation, and file TP Disclosure Forms and CbC Reports if applicable.
Yes. Nigeria’s 2018 regulations are based on OECD BEPS Action 13, requiring comparable documentation, analysis, and annual compliance filings.
Transfer Pricing documentation must be completed and filed no later than six months after the company’s fiscal year-end, together with the annual tax return.
Failure to submit or maintain accurate Transfer Pricing documentation can result in penalties up to NGN 10 million, plus daily fines of NGN 10,000 for continued default.
We provide full support with documentation, benchmarking, and audit readiness — ensuring compliance with FIRS requirements and OECD standards while enhancing overall tax transparency.
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